This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a country has absolute advantage in the production of all goods, then it will have no incentive ... (Read 34 times)

Sufayan.ah

  • Hero Member
  • *****
  • Posts: 512
on: Jun 30, 2018
If a country has absolute advantage in the production of all goods, then it will have no incentive to trade.
  Indicate whether the statement is true or false

Question 2

Which of the following reflects the correct relationship between average total cost (ATC) and marginal cost (MC)?
 a. When MC > ATC; ATC is falling.
  b. When ATC is minimum; ATC < MC.
  c. When MC < ATC; ATC is falling.
  d. When MC < ATC; ATC is constant.
  e. When ATC < MC; MC is falling.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

potomatos

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 30, 2018
Answer to Question 1

F

Answer to Question 2

c


Sufayan.ah

  • Hero Member
  • *****
  • Posts: 512
Reply #2 on: Jun 30, 2018
Thank you :)


potomatos

  • Sr. Member
  • ****
  • Posts: 338
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Block Diagram of a Dual-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid Seme Block Diagram of a Dual-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid Seme
Stressing that education reproduces a country’s social class system, conflict theorists point out ... Stressing that education reproduces a country’s social class system, conflict theorists point out ...
Modern Predication of Peak in Global Oil Production Modern Predication of Peak in Global Oil Production
Major U.S. Centers of Cattle, Corn, Wheat, and Soybean Production Major U.S. Centers of Cattle, Corn, Wheat, and Soybean Production
Stem Cell Production Stem Cell Production
Absolute Stability Absolute Stability
Video: DNA Replication Factory and Protein

For a complete list of videos, visit our video library